global wealth management - what exactly is it?

well, as nobody helps u, I will take a shot at it, though i am not in global weath mgmt.

I imagine that is a like a financial advisor, but the job relates to helping wealthy clients to move money around the world, especially to countries with more favourable tax rates.

You pay depends on your education, work experience, companies u work for, and the soft personal skills of you.

thanks for the reply,
focussing on the pay aspect, lets say you graduate from richard ivey with a 4 month internship, what would the starting pay be like

btw theres not much info on global wealth management on the internet eh

Wealth management is banking for high net worth individuals. The Swiss banks are strong in this

http://en.wikipedia.org/wiki/Wealth_management

sunny5011 wrote: ↑thanks for the reply,
focussing on the pay aspect, lets say you graduate from richard ivey with a 4 month internship, what would the starting pay be like

I would guess the starting salary would be similar to what a finance graduate would get - between $45k to 65k, depending on your marks upon graduation, how big the company u work with, your related summer job experiences, the university u graduated from, etc.

Give the name of the position and bank and it would be a lot easier.
If you are actually coming of a HBA from a top school. I would say you need to focus on working in the right office and under the right adviser.

Your OP, though shows you have not done any research yourself at all, bit had to help when you start at 0.

adehbone wrote: ↑Give the name of the position and bank and it would be a lot easier.
If you are actually coming of a HBA from a top school. I would say you need to focus on working in the right office and under the right adviser.

Your OP, though shows you have not done any research yourself at all, bit had to help when you start at 0.

lets say scotia or td and entry level position
i tried researching on the subject but everything i found was on private wealth management and not much on global wealth management

sunny5011 wrote: ↑lets say scotia or td and entry level position
i tried researching on the subject but everything i found was on private wealth management and not much on global wealth management

Same thing, its just marketing. Whatever word they want to use. You help manage high networth client's cash into various asset classes.
Have known people at BMO/RBC/Scotia Mcleod never TD.

Basically you start out by doing all the grunt work of the top advisers, be it filing papers, simple models, getting research, making sure all client requests and thoughts are taken care of. After sometime start to interact more directly with clients and then finally given the right tools to find clients. Those top banks and their top advisers will not throw a phonebook at you day 1 and say "SELL SELL SELL i.e will smith movie".

Pay, prolly max 50k. Bonuses, totally depends since the advisers will be paying you directly out of their pool, depends how quickly you pick up things and how much value you add.

Hours? Yes 9-5 sounds right, basically right before open and but after close. You need to be there to field client calls and follow up with things in quick manner during the day. After a while, hours change as you get more direct interaction with clients. Most of the banks top advisers will advise their younger staff to come out on networking events be it at brandthouse on a friday, charity events etc...They also will you encourage to do things like United Way, or train for runs etc...things to build a network and grow your image.

Smart but not too smart, well-rounded, hard working people do the best in that industry.

It's just wealth management but with access to world markets/exchanges, ability for settlement in those time zones, etc.

It really depends on what role you are going into because you could be in the back office too.

thanks everyone for the info, gwm doesnt really seem something i would be interested then (too much of a sales job)